Main notes
- PUMP.fun Overook Letsbonk, acquisition of 67 % of daily launch operations against the opposing market.
- Futures pumps increased by 168 % to $ 1.38 billion, exceeding the maximum instant market and indicating severe speculation.
- Technical analysis shows the formation of Golden Cross with RSI in 62, indicating the continuation of the upscale momentum about $ 0,0005.
POMP jumped by 15 % on Monday to $ 0,0004, as the distinctive code valued at $ 1.3 billion, which is the highest level this month. This step coincided with a pump.
For more than a year, Pump.fun controlled the creation of Mimi currency on Solana. According to the analyst Adam Th, without the sand dunes dashboardThis introduction decreased in July, when letsbonk rose to control up to 74 % of daily launch operations. But by Sunday, the POMP.fun’s stake has recovered to 67 % of 27500 coins launched, compared to the shrinking letsbonk fingerprint.
The scales of the trading volume reflected the shift in dominance between the two competitors, with pump withdrawal.
This shift precedes the unveiling of the full basis of the glass last week, which is the liquidity injection initiative aimed at supporting the high -capabilities metal currencies and their societies. However, the new program added a momentum, attracting the attention of the user and the renewed investor.
Pump Market Analysis Distinguished Code Coinglass
In the markets of derivatives, the feeling appears more aggressive. According to CoinglassFuture pump trading volumes increased by 168.17 % to $ 1.38 billion, which exceeds the maximum instant market $ 1.26 billion at the time of the press, indicating that assets see an unusually high speculation in size.
The open interest increased by 17.81 % to 510.63 million dollars that exceeded the gains between the prices within the day, indicating that traders are in a continuous position in the upward direction. The total references amounted to $ 1.72 million, with short pants absorbing $ 1.13 million, which confirms the upright domination.
Pump price expectations: Golden Cross momentum signals for $ 0.0005
Although it has already reached 15 % inside the day, technical signals on the graph for 4 hours reflect the continuation of the current assembly. As shown below, the golden cross is formed as SMA overcomes 5 days over both SMAS for 8 days and 13 days, a technical pattern often associated with the continuous height.
As shown below, the price of the pump remains higher than SMA for 5 days despite the moderate decline in the graph for 4 hours, a sign of the assembly is still sound.
Currency Currency Pump Technical analysis for 4 hours are inflated
The relative strength index is cooled from a height inside the day from 70.2 to 62, which reduces the tall conditions without breaking the direction structure. SMA, which lasted 13 days at $ 0.0033, offers immediate support in the short term, while resistance is near attempts to climb to $ 0.0042.
The decisive closure of more than $ 0.0042 can open a path towards re -testing $ 0.0048, while a break less than $ 0.00033 would convert the focus into $ 0.0030. Currently, given the active speculative interest in the pump code and the morale of the positive macro market, the momentum prefers bulls, with the most likely uniformity of support in the short term before the next stage.
the next
Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.
The post PUMP Flashes Golden Cross as Pump.fun Regains Solana Memecoin Top Spot first appeared on Investorempires.com.
